JAKARTA — While there is no clear threat from the U.S. to loosen its long-standing ties with Australia, some observers say the country may one day face a choice between its main security ally and its biggest trade partner. Graham Allison, author of Destined for War: Can America and China Escape Thucydides’s Trap?, said that China’s rise is forcing Asian countries with close ties to the U.S. to reconsider. “Largesse, economic imperialism — call it what you will: The fact is that China’s economic network is spreading across the globe, altering the international balance of power in a way that causes even longtime U.S. allies in Asia to tilt from the U.S. toward China,” Allison said.
SINGAPORE — After a saga lasting nearly two decades, Australia will on March 6 sign a boundary treaty with East Timor that will allow the Southeast Asian country to earn much-needed revenue from gas fields under the Timor Sea. “The Parties have reached agreement on a treaty which delimits the maritime boundary between them in the Timor Sea,” read an announcement made by the Permanent Court of Arbitration on February 25 after negotiations in Kuala Lumpur. “This marks a new chapter in our relationship with Timor-Leste, bringing us together as neighbours sharing a boundary, and as partners and friend,” said Australian foreign minister Julie Bishop in a March 4 press statement. Australia’s decision should strengthen ties with Southeast Asian countries as it finds itself torn between the interests of the U.S. and China. “Undoubtedly it will help in that way,” said John Blaxland, director of the Southeast Asia Institute at The Australian National University. Australia’s previous reluctance to establish a maritime boundary with the East Timorese prompted criticism from Dili and from campaign groups in Australia. “This treaty will hopefully go someway to restoring its reputation which definitely took a hit due to its bullying of East Timor” said Tom Clarke, spokesman for the Timor Sea Justice Campaign.
JAKARTA — Indonesia is the latest Asian country to face American trade curbs after the U.S. Department of Commerce said it planned to slap anti-dumping duties of 92.52% to 276.65% on biodiesel imports from the archipelago. Argentina, another biodiesel producer, was also targeted by the Feb. 21 announcement, after U.S. businesses complained that they were being undercut by unfairly subsidized fuel from both countries. The commerce department said that exporters from Argentina and Indonesia respectively sold biodiesel in the U.S. at 60.44% to 86.41% and 92.52% to 276.65% below what it deems fair value. The U.S. International Trade Commission will make a final decision on April 6 on whether the imports have hurt U.S. producers. If the ruling is upheld, the duties recommended by the commerce department will effectively price Indonesian biodiesel out of the U.S. market.
JAKARTA — A week after announcing tariffs on washing machine and solar panel imports, U.S. President Donald Trump claimed that “the era of [U.S.] economic surrender is totally over” during his maiden state of the union address. But the speech did not go into detail on trade with Asia or about the Trans Pacific Partnership, an American-led Asia-Pacific free trade deal that Trump withdrew from one year ago. During his hour and half address, which came Wednesday in Asia, Trump briefly recycled some of his previous trade rhetoric, saying he expects it to be “fair” and “reciprocal.” Pledging to “fix bad trade deals,” Trump promised to “protect American workers and American intellectual property, through strong enforcement of our trade rules.” Trump lauded Japanese carmakers Toyota and Mazda for announcing new production plants in the U.S. He also suggested that his recently announced tax cuts could spur inward investment
MANILA — President Donald Trump said on Monday he had a “great relationship” with his Philippine counterpart, Rodrigo Duterte on Monday, amid contradictory messages from the administration of each country over whether human rights were discussed. The two presidents bonded during their much anticipated first formal meeting on Monday, held on the sidelines of an Asia-Pacific summit in Manila. The two presidents shared a joke at the media’s expense, with Mr Trump laughing as Mr Duterte joked that the press are “spies.” According to Harry Roque, a Philippines government spokesman, the two presidents bonded over another shared dislike, former US President Barack Obama, who Mr Duterte dismissed as “a son of a whore” due to Mr Obama’s criticism of the violent anti-drugs campaign launched by Mr Duterte in 2016.
MANILA — Around two hours before meeting U.S. President Donald Trump at a dinner held for Asia Pacific leaders on the eve of regional summit, Philippine President Rodrigo Duterte cast further doubt on American economic leadership by describing China, which has the the world’s second biggest GDP, as the global economic leader. “Today China is the number one economic power, and we have to be friends,” Duterte said, speaking at a business forum held at a huge Manila casino. President Trump arrived in Manila on Sunday, the last leg of a five country Asia tour that has seen him feted by the leaders of Japan and China but at odds with much of the region over the direction of trade policy. China and Japan are promoting multilateral deals, including the Trans Pacific Partnership, which does not involve China but is being led by Japan. The TPP was one of Obama administration’s main foreign policy efforts but was ditched by Trump soon after he took office.
JAKARTA — During a visit to Jakarta on April 21, U.S. Vice President Mike Pence diluted some of the anti-trade rhetoric espoused by his recently-elected boss, President Donald Trump, saying that his country and Indonesia “can and will do more to expand commerce.” “We seek trade with Indonesia that is free and fair,” Pence said, adding that “we seek to create a win-win trading relationship for both of our nations and all of our people.” His comments mark a change in tone from the zero-sum views on trade coming from the White House under President Trump, rhetoric that prompted Washington to compile a list of 16 countries — including Indonesia — that have trade deficits with the U.S. Pence, who was on the second day of a visit to Indonesia after stopovers in South Korea and Japan and before heading on to Australia, announced that American companies, including ExxonMobil, General Electric and Lockheed Martin, would sign “11 major deals worth more than $10 billion” in Indonesia.
DOONBEG — Every time President Trump rails against big “pharma” over the jobs that have been shipped overseas, his pledges to streamline regulations and lower taxes to lure them home prompt grimaces 3,000 miles across the Atlantic Ocean. More than 50,000 people are employed with pharmaceutical and medical device companies here in Ireland, with most of the companies refugees from America. Baxter, a medical equipment manufacturer based in Deerfield, Illinois, employs a thousand people in Ireland. Pfizer, Boston Scientific and Johnson & Johnson all have substantial Irish operations. Dublin’s Silicon Docks neighborhood earned its nickname after Facebook, Google, Twitter and other U.S. tech companies set up in glossy offices, often mammoth European headquarters, close to the River Liffey. They are among an estimated 700 U.S. companies which, attracted by Ireland’s low corporate tax rate and English-speaking work force, have helped drive a multinational invasion on the Emerald Isle that once turned it into the “Celtic Tiger” of Europe, employing around 170,000 people in all.
JAKARTA – Kuok said there was a downside to the faddish “start-up” ambitions expressed by other students. “People just said they would like to do start-ups, but often did not know exactly what,” she told the Nikkei Asian Review. “But for start-ups it should be that there is a need for something. You see the need, you do it yourself.” Guiltless was the product of Kuok’s love of fashion and the online start-up culture she encountered at Stanford. But it also showed that the 26-year-old has her father’s nose for a business opportunity. “In Hong Kong you have much less space, and less wardrobe space. When I moved back I had such a lot of items,” she recalled. “I said to myself that rather than just throw these out — such a waste — I’d like to sell these items online, give the money to charity. But to my surprise none of the top 10 second-hand luxury sites accepted items from outside Europe or North America.”
JAKARTA — On the face of it, Indonesian President Joko Widodo and his soon-to-be American counterpart U.S. President-elect Donald Trump could not be more dissimilar. Widodo, or “Jokowi” as he is known, is understated, self-effacing and wry, while Trump is abrasive, brash and loquacious. Before entering Indonesian politics, Widodo was a furniture exporter, while Trump, a real estate mogul, has long been one of the best-known U.S. businessmen. During a five-minute phone call on Nov. 28, it was reported that the two leaders hit it off. “It seems because both are lifelong businessmen they really connect well, there is good chemistry,” said Thomas Lembong, chairman of the Indonesia Investment Co-ordination Board, the government investment agency, speaking to media at the Forbes Global CEO Conference in Jakarta. “They had a very cordial telephone conversation,” added Lembong, who was Indonesia’s trade minister before a cabinet reshuffle in mid-2016. If true, the rapport between Trump and Widodo could offset any Indonesian disappointment over the incoming U.S. administration’s intention to ditch the Trans-Pacific Partnership, a far-reaching free trade pact between the U.S. and 11 other Asia-Pacific countries. Indonesia was not among the initial 12 signatories to TPP, but had wanted to join the bloc. In the wake of Trump’s announcement, Lembong said Jakarta would continue to try to liberalize its trading arrangements with other countries. “President Jokowi reaffirmed our commitment to free trade, to international investment. We are very committed to concluding our free trade agreements with the European Union, with Australia. Our economic agenda remains unchanged,” Lembong told the Nikkei Asian Review.